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TSLA (Tesla) Inverse Head & ShouldersTitle: Buy BUY TSLA (Tesla) Asset: Stock Platform: Robinhood/WeBull/Etrade/ MT4 Symbol: TSLA Type: Buy Market Execution / Buy Limit Time Frame: 1D Entry Price 1: $645.00 ACTIVE ✅ Entry Price 2: $625.00 (PENDING) Stop Loss: $595.00 (500 Pips) Take Profit 1: $695.00 (500 pips) Take Profit 2: $745.00 (1000 pips) Take Profit 3: $795.00 (1500 pips) Take Profit 4: $845.00 (2000 pips) Status: 🏃🏽‍♂️Active🏃🏽‍♂️ What is Inverse Head And Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. A true head & shoulders pattern doesn't occur very often, but when it does, many technical traders believe it's an indicator that a major trend reversal has occurred. A standard Head & Shoulders pattern is considered to be a bearish setup and an "inverse" head & shoulders pattern is considered to be a bullish setup. KEY TAKEAWAYS * An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends  * An inverse head and shoulders pattern, upon completion, signals a bull market * Investors typically enter into a long position when the price rises above the resistance of the neckline.
NASDAQ:TSLALong
by MavRich_Trading
1
TSLAI think Tesla, Inc. (NASDAQ:TSLA) will have a relief rally next week after its dramatic fall since the January peak of $900. The RSI history of this stock speaks louder. Notice that every time the daily RSI drops below the 30% level, the stock makes a dramatic rise in the weeks after. The performance history of a stock is always an important parameter in my technical analysis. Nowadays, a lot of traders sell any stock when the daily RSI touches 70 and buy when it falls to 30, however, you must analyze the RSI history before making any trade. History does tend to repeat itself and the majority of the stocks have more than one life in them. Another interesting factor on this long-term chart is that the uptrend of the accumulation line remains practically intact after this big drop, which means the stock is still on the positive swing. These are few reasons why I think now is the time to take a long position at this one, before the stock changes its trend and heads back higher. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks days ago. Lets see if I am right.
NASDAQ:TSLALong
by SmoothJB
1